Morgan Stanley cuts target for Waste Management stock to USD 220
Published on 10/16/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst revision and earnings date
- Morgan Stanley cut its Waste Management target to USD 220 on October 13, 2026.
- Second-quarter revenue reached USD 6.68 billion, up 4.00 percent year over year.
- Waste Management stock was trading at EUR 199.23 at 9:12 a.m. CEST at Lang & Schwarz on October 16, 2026.
- Waste Management is scheduled to report third-quarter results on October 27, 2026.
Waste Management (ISIN US94106L1098) was trading at EUR 199.23 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST. The latest analyst move came from Morgan Stanley, which cut its target from USD 230 to USD 220 on October 13, 2026, according to MarketBeat.
Target cut sets the tone
Morgan Stanley kept an equal-weight rating while reducing the target by USD 10. The revision leaves the upcoming earnings report as the next test for Waste Management's earnings outlook, rather than presenting a new operating catalyst.
Three dates show the shift
The recent sequence is visible in three dated figures. On July 28, 2026, Waste Management reported second-quarter revenue of USD 6.68 billion, up 4.00 percent year over year, while earnings per share reached USD 2.02 against a USD 1.98 consensus estimate, according to MarketBeat. JPMorgan cut its target from USD 270 to USD 235 on October 8, 2026, before Morgan Stanley reduced its target from USD 230 to USD 220 on October 13, 2026, according to MarketBeat.
What does the target cut change?
The answer is valuation discipline. Waste Management delivered revenue growth of 4.00 percent in the second quarter, but the latest target changes show that analysts are setting a lower bar for the share price while the business heads toward its next report. MarketBeat also listed a USD 194.11 to USD 248.13 52-week range and USD 84.8 billion market capitalization for the company.
Results date is October 27
Waste Management is scheduled to release third-quarter results on October 27, 2026, after the market closes, according to Yahoo Finance. Analysts cited in the report expect the release to provide fresh detail on profit and revenue trends.
Price before the next report
For investors, the key comparison is between the recent target reductions and the company's latest operating growth. Waste Management stock was trading at EUR 199.23 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Waste Management stock.
Waste Management stock facts
- Company: Waste Management, Inc.
- ISIN: US94106L1098
- Ticker: WM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 9:12 a.m. CEST): EUR 199.23
- Market capitalization: USD 89.6 billion (as of October 16, 2026)
- 52-week range: USD 194.11-USD 248.13 (as of October 15, 2026)
- Sector / Industry: Industrials / Environmental services
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
